185 Pena Lane, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 4 bath
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Palm Springs, California 92262
This Ultra-Luxury New Construction Sanctuary in the prestigious Old Las Palmas enclave is listed at $2,025,000, representing a stable valuation closely aligned with its $1,998,686 Fair Market Value. Boasting a Brand-New 2025 Condition Rating, the residence features a Private Elevator, a Dipping Pool, and a spectacular Rooftop Kitchen with Panoramic Mountain Views of Mt San Jacinto. With a $50,000 Developer Credit available for this final detached unit, the home offers a sophisticated, low-maintenance lifestyle steps from downtown Palm Springs. This turnkey estate serves as an elite choice for Luxury Seekers or Lifestyle Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 185 Pena Lane Subject | $1,995,000* List Price | 3 | 4 | 2,245 | $889 | - |
A 183 Pena Lane Sold | $1,975,000 | 3 | 4 | 2,245 | $880 | 0.0 mi |
B 181 Pena Lane Sold | $2,275,000 | 3 | 4 | 2,245 | $1,013 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a brand-new 2025 luxury construction featuring high-end appliances, modern architectural design, private elevators, and premium finishes. As a new build, all components meet the highest current quality standards with no physical depreciation.
Situated in the prestigious Old Las Palmas neighborhood, this property offers unparalleled walkability to the high-end shops and dining of Palm Canyon Drive.
The residence features a spectacular, fully outfitted roof deck with an outdoor kitchen, fireplace, and private elevator, providing elite entertaining space with panoramic mountain views.
As the final available fully detached unit in Phase 1, this home offers superior privacy and a 'world apart' feel within a new construction luxury enclave.
With a recent price increase to over $2 million, the property sits at a high price-per-square-foot, which may challenge buyers looking for traditional value in the area.
The 'low maintenance' design includes a small dipping pool rather than a full-sized swimming pool, which may not appeal to buyers seeking a classic, expansive desert backyard.
Welcome to The Twelve At Old Las Palmas, a unique enclave of twelve luxury residences nestled in the most sought after neighborhood of Palm Springs. ONLY ONE UNIT LEFT IN PHASE 1, which is the ONLY phase where the units are FULLY DETACHED! Downtown living meets old world elegance in this new construction community surrounded by some of the most important estate homes in the desert. Walkable to the best shops and restaurants on Palm Canyon Drive. One of the most seasoned developers in the desert with decades of experience aligned with Michael Walters of Dakota DesignWorks to create this small collection of sophisticated yet casual, and ultimately very livable homes. Featuring spectacular, fully outfitted roof decks with outdoor kitchens, lounging areas with fireplace and private elevators. Views are simply magnificent -- a sea of palm trees and Mt San Jacinto above the estates of Old Las Palmas. Each home has its own dipping pool. The design details are extraordinary and luxurious throughout, including fully pocketed glass sliders, solid wood doors, high end appliances and custom metalwork. The Old Las Palmas location is unparalleled. The opportunity to enjoy a low maintenance, high end, new construction home in this location is unique. The community areas are as tailored and curated as the homes, with cobble streets and architectural details which fully enclose the community and create a world apart, just steps from the activity of downtown Palm Springs. Call today for more information and private showings.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 2.0 | 72% |
| Square foot | 2,245 | 1,914 | 64% |
| Lot Size | - | 9,583 | 2% |
| Price | $2.00M | $875.0K | 88% |
| Price per sq ft | $889 | $483 | 92% |
| Built year | 2025 | 1987 | 92% |
| HOA | $620.0 | $0 | 99% |
| Days on market | 387 | 185 | 96% |
Mar 19, 2026
$1,995,000
$2,025,000
-1% Price Drop
Initial Listing
Mar 7, 2026
$2,025,000
$2,030,000
+0% Price Increase
Initial Listing
Aug 19, 2025
$2,030,000
Initial Listing
Apr 1, 2025
$1,875,000
Initial Listing